Latest

#The Edge Forum* Potential upside for Malaysian REITs

KUALA LUMPUR: The combined effects of a strengthening ringgit and rising inflation are pushing Malaysian real estate investment trusts (MREITS) into the spotlight. This is also prompting anticipation that MREITs unit prices will trade higher and closer to their net asset values (NAV) in the next six months.

Idris Haron chairman of SPNB

MELAKA: Former Deputy Higher Education Minister Datuk Idris Haron has been appointed chairman of Syarikat Perumahan Negara Berhad (SPNB) with effect from April 1, taking over from Datuk Azian Osman.

Olympia Industries sells Menara Olympia

KUALA LUMPUR: Olympia Industries Bhd has disposed of its entire stake in wholly-owned unit Dairy Maid Resort & Recreation Sdn Bhd (DMRR) to Jelita Timur Sdn Bhd for RM30.15 million. DMRR owns Menara Olympia and the tract on which the building sits along Jalan Raja Chulan here.

Tiong Nam to build RM40 million warehouse

KUALA LUMPUR: Tiong Nam Logistics Holdings Bhd plans to build a RM40 million warehouse on a 23.76 acre leasehold  industrial site in Shah Alam, Selangor, a crucial move to capitalise on the gradual recovery in global trade amid an improving economic backdrop.

Ministry blacklists six contractors

BATU PAHAT (Johor): The Education Ministry of Malaysia has blacklisted six contractors for failing to complete the ministry's school development projects under the Ninth Malaysia Plan (9MP).

#Exclusive* Rehda: Real estate demand to pick up

KUALA LUMPUR: Demand for real estate in Malaysia is expected to improve this year as consumer sentiment recovers amid an improving broader landscape.

Real Estate and Housing Developers’ Association Malaysia (Rehda) deputy president Datuk Michael Yam said demand for properties was slow in the first half of 2009 as consumer confidence was battered by weaker economic conditions  then.